5-Unit Multifamily with Private
4929 North 6th Street Philadelphia, PA 19120
For Sale
$350,000
Five residential units across two side-by-side buildings, plus a private side lot for up to five cars.
Property Size1,688 SF
Price / SF$207.35
Days on Market155
Property Features for 4929 North 6th Street
General Information
- Standard status
- Active
- Size
- 1,688 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1940
Listing Agency:
Genesis Real Estate Services
(215) 668-9135
Listed By:
Maria I Falu-Rodriguez · License #RM422414
(215) 668-9135
Source:
Compass
Added: Feb 19
Changed: Jul 21
Last Checked: Jul 23 at 9:32AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Genesis Real Estate Services
Investment Insights
Based on property information with market context.
Two side-by-side multifamily properties total five residential units, configured as four two-bedroom units and one one-bedroom unit. The 4929 N 6th Street building includes units on the first and second floors plus a third-floor one-bedroom unit that is currently available. The overall setup supports an owner-occupant arrangement or a rental-focused purchase with one unit ready for immediate occupancy decisions.
The property is located in Philadelphia’s 19120 area. 4923 N 6th Street includes a private side lot that fits up to five cars, providing off-street parking for residents.
The buildings can be purchased together as a package or individually, offering flexibility based on ownership goals.
The property is located in Philadelphia’s 19120 area. 4923 N 6th Street includes a private side lot that fits up to five cars, providing off-street parking for residents.
The buildings can be purchased together as a package or individually, offering flexibility based on ownership goals.
Key Highlights
- Two side‑by‑side properties in Philadelphia, total 5 residential units: four 2BR and one 1BR/1BA
- In‑place rents: 4923 N 6th St (2BR $1,200/mo + 2BR $1,300/mo) and 4929 N 6th St (2BR $1,500/mo, 2BR $1,200/mo, 1BR/1BA $1,000/mo)
- One unit currently available at 4929 N 6th St (3rd floor 1BR/1BA) for immediate occupancy or lease‑up
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.0k | $18.96 |
| − Vacancy | −$2.4k | −$1.44 |
| EGI | $29.6k | $17.52 |
| − OpEx | −$13.3k | −$7.88 |
| NOI | $16.3k | $9.64 |
1,688 SF · lease $18.96/SF/yr · vacancy 7.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$232.4K
$203.3K – $271.1K
NOI $16,265 @ 7.0% cap · market cap 4.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$403.2K
$352.8K – $470.4K
NOI $28,226 @ 7.0% cap · market cap 8.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Five residential units across two side-by-side buildings, plus a private side lot for up to five cars.
Where is this apartment building located?
The property is located at 4929 North 6th Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Two side‑by‑side properties in Philadelphia, total 5 residential units: four 2BR and one 1BR/1BA; In‑place rents: 4923 N 6th St (2BR $1,200/mo + 2BR $1,300/mo) and 4929 N 6th St (2BR $1,500/mo, 2BR $1,200/mo, 1BR/1BA $1,000/mo); One unit currently available at 4929 N 6th St (3rd floor 1BR/1BA) for immediate occupancy or lease‑up
